Is the future generation of homeowners set up to fail?
Ahead of the upcoming U.S. presidential election, a new study of 1,000 adults from the seven swing states found 61% of parents polled are worried about whether their children will be able to buy a home as they get older.
Over the past five years, 80% of adults in Arizona, Georgia, Michigan, North Carolina, Nevada, Pennsylvania and Wisconsin have seen housing prices increase in their state, averaging a 33% increase.
Arizona has seen the steepest housing cost increase at 38%, while Wisconsin saw the least (27%).
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The research, commissioned by Built, a real estate and construction finance and management platform, and conducted by Talker Research, revealed 58% believe it is harder to find a home today than it was five years ago. It was found to be especially difficult for those polled who are …